Bitcoin Cup and Handle pattern
There is little doubt that Bitcoin Has created a Cup and Handle pattern but the real question is, Which do you believe is more accurate.
The LOGARITHMIC chart shown has a measured move to 128K in time ( by end of August if it follows the upper line of resistance since 2017)
The LINEAR chart however only goes to $42400 and probably within the next month or so
https://www.tradingview.com/x/03xGv3Hz/
For me, I am prone to follow the Linear chart for a number of reasons, the bigger of which is that it ties in with so many other ideas. Confluence is Vital
In time, we Will push higher but I find little to show a New ATH this year , Next year is the Key and 2025 also shows promise
Keeping it simple for now..
Stay safe
The LOGARITHMIC chart shown has a measured move to 128K in time ( by end of August if it follows the upper line of resistance since 2017)
The LINEAR chart however only goes to $42400 and probably within the next month or so
https://www.tradingview.com/x/03xGv3Hz/
For me, I am prone to follow the Linear chart for a number of reasons, the bigger of which is that it ties in with so many other ideas. Confluence is Vital
In time, we Will push higher but I find little to show a New ATH this year , Next year is the Key and 2025 also shows promise
Keeping it simple for now..
Stay safe
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